Smurfit/RockTenn Update – 1/29/11

Lynchburg paper mill won’t be affected by merger, RockTenn VP says

LYNCHBURG, VA – The merger of two packaging manufacturers likely will not impact a paperboard mill in Lynchburg, RockTenn Vice President and Treasurer John Stakel said this week.

RockTenn has agreed to buy Smurfit-Stone Container Corp., the companies announced. As a combined company, the two would be worth $9 billion and would be the second largest producer of containerboard in North America, according to a news release.

Stakel said he sees no impact for the RockTenn mill on Concord Turnpike in Lynchburg because it operates in an unrelated business line.

The Lynchburg mill makes specialty paperboard liner for drywall, while Smurfit Stone makes corrugated cardboard boxes for consumer product packaging, he said.

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